$695,000
For Sale
0.78 acres | #OC24234757
Listing OfficeThe Hoffman Company
Browse 4 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Full Marketing Package Available. This site has an approved project for an eleven (11) unit rental townhome project. Each unit is comprised of ±1,222 sf with 4 Beds, 2.5 Baths. With rental market inventory being so tight and very little new apartment projects being built, this property represents an
exciting opportunity for an investor to produce for long-term cash flow and/or to sell when market cap rates are very low. Located only one block from the freeway which is ideal for tenants who commute either to the Coachella Valley (east) or Riverside/Orange County/Los Angeles (west). The immediate area has all the retail essentials, and within a short drive are the various Towngate shopping centers with Costco, Target, ALDI, 24 Hour Fitness & much more.

  • Property Details
      • Lot DescriptionStreetLevel
      • Utility SourceSeeRemarks
      • MLS #OC24234757
      • MLS #OC24234757
      • CountyRiverside
      • Property TypePurchase
      • Original List Price$695,000
      • Taxes Annual$3,645
      • Cost695000
      • Acres0.78
      • Property SubtypeLand

Location

Nancy C. TurnerReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00